Stern Show 5 years ago today: Stern sues SiriusXm

In the greatest attempted marble heist of our day, Wiggy tried to claim he was responsible for all the listeners. This was the final straw for me, he signed a new 5 year contract then sues them...click

Howard Stern and his agent have sued Sirius XM Radio, claiming the satellite radio company has failed to pay him stock awards tied to subscriber growth.

Mr. Stern, 57, the outspoken talk-show host, signed a five-year, $500 million contract with Sirius Satellite Radio in October 2004, when it had less than one million subscribers. He began his show in January 2006, and two years later the company merged with XM Satellite Radio.

The lawsuit, filed on Tuesday in New York State Supreme Court in Manhattan by Mr. Stern’s production company, One Twelve, and his longtime agent, Don Buchwald, claims that Mr. Stern was to be paid in stock when certain subscription goals were met. But after an initial payment of 34.4 million shares in early 2006 and another payment in 2007, the suit says, the company failed to make additional payments. Sirius reported 20.2 million subscribers at the end of 2010.

“When Sirius needed Stern, it promised him a share in any success that the company achieved,” the suit says. “But now that Sirius has conquered its chief competitor and acquired more than 20 million subscribers, it has reneged on its commitment to Stern, unilaterally deciding that it has paid him enough.”

In December, Mr. Stern renewed his contract with Sirius XM for another five years. The terms were not disclosed, but some analysts believed that it was for $80 million a year in cash, with no stock.

In a statement, Sirius XM said it had abided by the terms of its 2004 deal.

“Sirius XM just signed a contract through 2015 with Howard Stern, and he is a valued part of our company,” the statement said.

“We were thus surprised and disappointed by the subsequent legal action initiated by his production company and agent. We have met all of our obligations under the terms of our 2004 agreement with Howard, his agent and production company,” the statement said.

Six months after the courts refused to overrule Kapnick's decision against Howard's $300 million lawsuit, he quietly began getting new teeth installed. Two months after that, Howard announced he had joined the cast of AGT.

If he had managed to pull off that $300 million marble heist, he never would've humiliated himself by judging ladder dancers and crossbow shooters for four years.

Six months after the courts refused to overrule Kapnick's decision against Howard's $300 million lawsuit, he quietly began getting new teeth installed. Two months after that, Howard announced he had joined the cast of AGT.

If he had managed to pull off that $300 million marble heist, he never would've humiliated himself by judging ladder dancers and crossbow shooters for four years.

Doesn't really seem fair to Gary that nobody is allowed to talk about them.

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So true.
Same thing with Bobo calling in every day and getting ripped on for his shitty toupee.
It's got to suck working there listening to this hypocrite and having to bite your tongue or else get fired.

he showed his true colors with that suit and the aftermath. show was never the same again and most of us stopped listening shortly thereafter. now all that it is left is the farce of the show he does a few times a month.